09
Aug
16:51
ESI raises rebar price to 14-month high
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 190/tonne ($52/t) from the previous month to AED 2,062/t ($561) ex-works for September deliveries, market participants tell Kallanish.
The increase has been precipitated by the surge in recent weeks in global raw materials and billet prices. CIS billet quotes are now at over $470/t fob Black Sea, while China is heard quoting over $500/t fob and there are reports it may import semis to cove…
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Anonymous
Very good overview of the weekly steel market.
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